Subscribe to Axios Markets for the latest on the trade war's impact.

Bitcoin futures platform Bakkt raises $182 million

Photo: Chesnot/Getty Images

Bakkt, a digital assets and Bitcoin futures platform founded by Intercontinental Exchange (ICE), raised $182.5 million in first-round funding.

Why it matters: The battered Bitcoin community has been eagerly awaiting the launch of a physically settled futures market with the institutional imprimatur of ICE, which also owns the New York Stock Exchange. But Bakkt's funding announcement was married to another delay. Original plans were to go live in November, which was then pushed back to Jan. 24 and now is TBD as Bakkt awaits permission from a CFTC that is in government shutdown mode.